Books of Prime Entry Quiz

What is the use of the Sales Journal?

• To record credit sales

• To record cash sales

• To record returns

• To record purchases

What document is used in the Sales Journal?

• Sales invoice

• Purchase invoice

• Credit Notes

• Cheque Counterfoil

What is the use of the Sales Return Journal?

• To record returns by credit customers

• To record credit sales

• To record cash transactions

• To record purchases

What document is used in the Sales Return Journal?

• Credit Notes

• Sales invoice

• Purchase invoice

• Cheque Counterfoil

What is the use of the Purchases Journal?

• To record credit purchase

• To record cash sales

• To record returns

• To record purchases

What document is used in the Purchases Journal?

• Purchase invoice

• Sales invoice

• Credit Notes

• Cheque Counterfoil

What is the use of the Cashbook?

• To record cash and bank transactions

• To record credit sales

• To record returns

• To record purchases

What document is cannot be used to record transactions in the Cashbook?

• Cheque Counterfoil

• Statement of account

• Receipt & Pay in slip

• Bank statement

What is the use of the Petty Cashbook?

• To record small cash transactions

• To record credit sales

• To record returns

• To record purchases

What document is used in the Petty Cashbook?

• Petty Cash Voucher

• Sales invoice

• Credit Notes

• Purchase invoice